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Last Updated: 7/3/2017

Sliding Scale Market Value Exclusion

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An owner or operator of a new or existing high efficiency electric power generation facility may file an application with Department of Revenue for a market value exclusion for the facility. 

The efficiency of the facility is determined by the Department of Commerce based on the performance of the facility’s equipment during normal full load operation. The sliding scale market value exclusion is a reduction to the taxable market value of the equipment of the facility of 8% for each percentage point that the efficiency is above 40%. 

This exclusion does not apply to the structures and the land where the facility is located.  The sliding scale market value exclusion is valid for two assessment years, or until a new efficiency determination is made, but may be renewed.​

After an application is submitted, the facility will be listed in the appropriate table below with efficiency ratio and market value exclusion percentages listed as “pending.”  This will be updated with the actual percentages after the efficiency is determined by the Department of Commerce.  This market value exclusion is effective for the next assessment year after the determination is made.

 

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Sliding Scale Market Value Exclusion for Electric Power Generation Efficiency

Assessment Year 2017 for Taxes Payable in 2018

Company
​Location
​Efficiency Ratio
​Market Value Exclusion to
the Equipment of the Facility
Koda Energy LLC
Shakopee
53.50%
100%
Xcel-Black Dog
​Burnsville
48.00%
64%
​Xcel-Riverside
​Minneapolis
49.00%
72%
​Xcel-Highbridge
​St. Paul
48.00%
64%
​Hometown Bioenergy, LLC
LeSueur​
TBD
TBD

Assessment Year 2016 for Taxes Payable in 2017

Company
​Location
​Efficiency Ratio
​Market Value Exclusion to
the Equipment of the Facility
​Minnesota Power, Inc.
Cloquet
​69.10 % 
100 %
​Koda Energy LLC
​Shakopee
56.62 %
​100 %
​Xcel-Black Dog
​Burnsville
47.02 %
​  56 %
​Xcel-Riverside
​Minneapolis
48.70 %
  64 %
​Xcel-Highbridge
​St Paul
47.99 %
  56 %
​Hometown Bioenergy, LLC LeSueur​ 57.00 % ​100 %

Assessment Year 2015 for Taxes Payable in 2016

Company
​Location
​Efficiency Ratio
​Market Value Exclusion to
the Equipment of the Facility
​Minnesota Power, Inc.
Cloquet
​69.10 % 
100 %
​Koda Energy LLC
​Shakopee
56.62 %
​100 %
​Xcel-Black Dog
​Burnsville
47.02 %
​  56 %
​Xcel-Riverside
​Minneapolis
48.70 %
  64 %
​Xcel-Highbridge
​St Paul
47.99 %
  56 %
​Hometown Bioenergy, LLC LeSueur​ 57.00 % ​100 %

Assessment Year 2014 for Taxes Payable in 2015

Company
​Location
​Efficiency Ratio
​Market Value Exclusion to
the Equipment of the Facility
​Minnesota Power, Inc.
Cloquet
​71.50 % 
100 %
​Koda Energy LLC
​Shakopee
​56.31 %
​100 %
​Xcel-Black Dog
​Burnsville
46.77 %
​   48 %
​Xcel-Riverside
​Minneapolis
​48.98 %
   ​64 %
​Xcel-Highbridge
​St Paul
​49.26 %
​   72 %
​Hometown Bioenergy, LLC LeSueur​ ​53.90 % ​100 %